Brunei: Sukuk can help fund Sultanate’s infrastructure projects

Brunei is on the right track with its recent take in sukuk structuring and issuance over the recent years to aid the Sultanate’s infrastructural development, said an Islamic Finance scholar. “Though the market is relatively small in Brunei for now, I believe there’s a lot that sukuk can contribute in terms of infrastructure project financing for Brunei’s megaprojects,” said Sheikh Faizal Manjoo.
“The sky’s the limit when it comes to infrastructure financing through this Islamic concept. In the African continent, for example, infrastructure financing amounted to US$700 billion, with €400 billion for a project to bring African solar energy to Europe,” he said………………………………………..Full Article: Source